Share via

Inditex, the Spanish owner of Zara, has pledged to open stores at a rate of
nine a week this year as the march of the fast-fashion retailer and its
sister brands continues apace.

The company, founded and majority-owned by Amancio Ortega, the world’s third
richest man, with a fortune of $57 billion according to Forbes, now has more
than 6,000 shops worldwide, 95 of them in Britain, trading under Zara,
Berksha, Pull & Bear and Massimo Dutti.

Last year, Inditex opened 482 stores, a tally it expects to follow with
between 440 and 480 outlets this year. Like-for-like sales rose